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Choose the one that does not belong.
Capital Budgeting
The process businesses use to evaluate and select long-term investments such as new machinery, replacement machinery, new plants, new products, and research development projects.
Time Value
The concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity.
Soft Capital Rationing
Internal limitations set by a company's management on the amount of funding allocated for new projects.
Debt Covenants
Agreements between a borrower and lender that stipulate certain conditions the borrower must adhere to, which can pertain to financial ratios, levels of income, or other financial benchmarks.
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